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Were Hedge Funds Right About Alibaba Group (BABA)?
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn’t the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F filings disclosed the funds’ positions on December 31st. We at Insider Monkey have made an extensive database of more than 887 of those established hedge funds and famous value investors’ filings. In this article, we analyze how these elite funds and prominent investors traded Alibaba Group Holding Limited (NYSE:BABA) based on those filings.
Davis Funds: “Alibaba (BABA) will Maintain its Leading Position in the Chinese E-Commerce Sector”
Davis Funds, an investment management firm, published its “Davis International Fund” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A return of 22.69% was recorded by the fund for the year end of 2020, outperforming its MSCI ACWI benchmark that delivered a 10.65% return in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Davis International Fund, in their Q4 2020 investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA) and shared their insights on the company. Alibaba Group Holding Limited is a Hangzhou, China-based e-commerce company that currently has a $629.6 billion market capitalization. Since the beginning of the year, BABA delivered a -0.93% return, while its 12-month gains are up by 17.65%. As of April 06, 2021, the stock closed at $230.57 per share.
Harding Loevner: “Alibaba (BABA) was “Poking the Dragon” of Politically Powerful, Vested Interests”
Harding Loevner, an investment management firm, published its “International Equity” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A net return of 16.28% was recorded by the fund in the fourth quarter of 2020, trailing its MSCI All Country World Ex-US benchmark that delivered a 17.08% return but above its MSCI EAFE Index that had a gain of 16.09% in the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Harding Loevner, in their Q4 2020 investor letter, mentioned Alibaba Group Holding Limited (NYSE: BABA) and shared their insights on the company. Alibaba Group Holding Limited is a Hangzhou, China-based e-commerce company that currently has a $611.9 billion market capitalization. Since the beginning of the year, BABA delivered a -2.58% return, impressively extending its 12-month gains to 20.88
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